- North America
||12-13-2011 11:57 PM
Sign of a bad US economy? 1/3 of Americans done shopping by December 5th
(Reuters) - More than a third of U.S. shoppers are already done with most of their holiday shopping, a survey showed on Monday, signaling that retailers need to offer bigger incentives to win sales in the few weeks before Christmas.
The findings underscore the fragility of the U.S. recovery, since consumer spending accounts for about 70 percent of the nation's economy.
It definitely appears the average US consumer is increasingly price sensitive and I find this scary because compared to Canada, the US has everything cheap from the cost of living/housing, to all consumer goods being cheaper on an average of 50% or more (this is just my observation).
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